Starbreeze has received a notice of termination from Skybound, the OTWD title rightsholder, related to the parties’ license agreement regarding OVERKILL’s The Walking Dead

Starbreeze has received a notice of termination from Skybound, the OTWD title rightsholder, related to the parties’ license agreement regarding OVERKILL’s The Walking Dead

STOCKHOLM, SWEDEN (February 27, 2019) – Skybound, the rightsholder of the OVERKILL’s The Waling Dead title (OTWD), has received a notice of termination regarding the license agreement with Starbreeze for OTWD.

Starbreeze has a dialogue with Skybound with the ambition to reach a solution. Starbreeze has been informed that the product likely will be disabled for further sales on the platform Steam and should Starbreeze and Skybound not reach a solution, it would mean that the game will not be made available for sale again on Steam, and that the console version would not be released.

Sales related to OTWD amounted to SEK 34.1 million in the fourth quarter 2018. Costs related to development of OTWD has so far exceeded revenue. There are no assets related to OTWD in Starbreeze Group balance sheet.

This information is information that Starbreeze AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17.00 CET on 27 February, 2019.

About Starbreeze

Starbreeze is an independent developer, creator, publisher and distributor of PC and console targeting the global market, with studios in Stockholm, Barcelona, Paris, Bangalore and Dehradun. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). Starbreeze announced via a press release on December 3, 2018 that the company, including certain subsidiaries, entered into reconstruction. For more information, please visit starbreeze.com